Siemens 2014 Annual Report Download - page 314

108 A. To our Shareholders 131 B. Corporate Governance 171 C. Combined Management Report

Amortization, depreciation and impairments:
Amortization, depreciation and impairments presented in Seg-
ment information includes depreciation and impairments of
property, plant and equipment, net of reversals of impairments
as well as amortization and impairments of intangible assets,
net of reversals of impairment.
MEASUREMENT – CENTRALLY MANAGED
PORTFOLIO ACTIVITIES AND SRE:
Centrally managed portfolio activities follow the measure-
ment principles of the Sectors. SRE applies the measurement
principles of SFS; Total assets of SRE nets certain intercom-
pany finance receivables with certain intercompany finance
liabilities.
RECONCILIATION TO SIEMENS’
CONSOLIDATED FINANCIAL STATEMENTS
The following table reconciles total Assets of the Sectors,
Equity Investments and SFS to Total assets of Siemens’ Con-
solidated Statements of Financial Position:
September ,
(in millions of €)  
Assets of Sectors 24,646 23,736
Assets of Equity Investments 2,571 2,488
Assets of SFS 21,970 18,661
Total Segment Assets 49,187 44,884
Reconciliation:
Assets Centrally managed portfolio activities (154) (234)
Assets SRE 4,697 4,747
Assets of Corporate items and pensions (1,859) (1,987)
Eliminations, Corporate Treasury and other
reconciling items of Segment information:
Asset-based adjustments:
Intragroup financing receivables
and investments 42,037 40,850
Tax-related assets 3,782 3,924
Liability-based adjustments:
Liabilities 39,232 39,244
Eliminations, Corporate Treasury, other items (32,043) (29,492)
Total Eliminations, Corporate Treasury and
other reconciling items of Segment information 53,009 54,525
Total assets in Siemens’ Consolidated
Statements of Financial Position 104,879 101,936
1 Includes assets and liabilities reclassified in connection with discontinued
operations.
In fiscal  and , Corporate items and pensions in column
Profit includes €() million and €() million related to Cor-
porate items, as well as €() million and €() million related
to Pensions, respectively. Corporate items include effects from
legal and regulatory matters. In fiscal , column Profit in-
cludes a one-time effect of €  million regarding insurance
matters, which were mainly included in Eliminations.
ADDITIONAL SEGMENT INFORMATION
In fiscal  and , Profit of SFS includes interest income
of €  million and €  million, respectively and interest
expenses of €  million and €  million, respectively.
NOTE  Information about geographies
Revenue by location
of customer
Revenue by location
of companies
Year ended
September ,
Year ended
September ,
(in millions of €)    
Europe, C.I.S., Africa,
Middle East 38,732 39,390 42,383 43,426
Americas 18,756 19,644 18,425 19,555
Asia, Australia 14,433 14,411 11,112 10,463
Siemens 71,920 73,445 71,920 73,445
thereof Germany 10,857 10,652 18,602 18,944
thereof foreign countries 61,063 62,792 53,318 54,501
thereof U.S. 12,876 13,110 13,793 14,887
1 Commonwealth of Independent States.
Non-current assets
September ,
(in millions of €)  
Europe, C.I.S., Africa, Middle East 17,053 17,404
Americas 12,175 12,598
Asia, Australia 2,753 2,752
Siemens 31,981 32,755
thereof Germany 6,497 6,510
thereof foreign countries 25,484 26,245
thereof U.S. 10,861 11,205
1 Commonwealth of Independent States.
Non-current assets consist of property, plant and equipment,
goodwill and other intangible assets.